Question 2945 Deck General
70% to passA vessel has been damaged by fire. The survey shows the cost of repairs will exceed the value of the repaired vessel. This is an example of a(n) _______________.
A
actual loss
B
constructive total loss
C
preferred loss
D
salvage loss
AI Explanation
The correct answer is B) constructive total loss. A constructive total loss occurs when the cost of repairing a damaged vessel exceeds the value of the vessel after repairs. In this scenario, the survey shows the cost of repairs will exceed the value of the repaired vessel, which meets the definition of a constructive total loss. The other options are incorrect: A) Actual loss refers to the complete physical destruction of a vessel, which is not the case here. C) Preferred loss and D) Salvage loss are not relevant to this situation.
Related Questions
Q486:You are loading a cargo of cases into a hold which has a bale cubic of 44,000. T...
Q1200:To determine the pressure and temperature limitations under which LFG is require...
Q109:Your vessel's existing draft is FWD 17'-03", AFT 18'-09". Using the Guidance Man...
Q645:What does item "C" refer to in illustration D045DG of a 30-ton pedestal crane? ...
Q3569:What is an advantage of the 6x37 class of wire rope over the 6x19 class of wire ...
Ready to test your knowledge?
Take a Deck General Practice Exam
Official Resources
Pass Your Coast Guard Licensing Exams!
Study offline, track your progress, and simulate real exams with the Coast Guard Exams app